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Here’s an example: Let’s say you’re buying a $400,000 house with a 20 percent down payment, and your high credit score qualifies you for a 30-year fixed mortgage at an interest rate of 6.2 ...
Mortgage lenders use specific credit scores—here are the minimum scores you need for a variety of mortgage types. ... 800-290 -4726 more ways to ... You can work to improve your credit score now ...
800-290-4726 more ways to ... Your credit scores play a big role in the rate you get. Most lenders will approve you with credit scores of 620 or higher, but the best mortgage rates are reserved ...
Key takeaways. A credit score of 800 or above is considered excellent and comes with the same benefits as a perfect 850 score. Benefits of an 800 credit score include better credit offers, lower ...
Image source: Getty Images. The average credit score in the U.S. was 715 in 2023, according to Experian, one of three credit reporting bureaus. But a score of 800 or above is considered "exceptional."
A borrower with an exceptional credit score between 760 and 850 can get a 30-year fixed rate mortgage of $300,000 at an average rate of 7.550%, according to FICO.
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